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the forecast

North America

(United States and Canada)

Bombardier Business Aircraft

|

Market Forecast 2011-2030

26

The U.S. economy has been on a recovery

path since mid-2009. Although there is still

plenty of slack in the American economy,

growth is expected to unfold evenly through-

out 2011. Many key areas are now displaying

visible growth: employment, consumer

spending, and exports, with the latter being

fuelled by rapid growth in emerging markets.

Last, but not least, corporate profits grew

8.5% between Q1-2010 and Q1-2011.

On the other hand, inflation has become

more of a concern, with higher gasoline and

food prices. It is expected to grow to 3.0%

this year, up from 1.6% last year. In the short

term, the higher U.S. dollar is representing

a slight drag on real GDP.

The Canadian economy accelerated at

a good rate in 2010. The consumer,

government, investment and trade sectors

all performed well. As with the U.S.,

Canada’s economy is expected to be

stronger moving into 2011.

According to IHS Global Insight, real GDP

growth for North America should improve

this year over last year, with a forecast 3.2%

growth in 2011, up from 2.8% in 2010.

Economic growth should remain steady

for the region over the 2011-2030 period,

with a yearly average of 2.7%.

As the most prevalent economic region

around the world, North America should

continue creating wealth and sustaining the

development of its business aircraft industry.

Business Jet Penetration Forecast - North America

Fleet per capita vs. GDP per capita, 1960-2030

Sources: Ascend, IMF, IHS Global Insight, UN Population Project, Bombardier forecast. Includes very light jets.

1

10

100

1,000

10,000

1,000

10,000

100,000

GDP per Capita (USD, Log Scale)

Fleet per 100 Million Population (Log Scale)

1960

2010

Actual

Forecast

2030